Headlands Technologies LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Headlands Technologies LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,347 shares of the insurance provider’s stock, valued at approximately $2,492,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in shares of Travelers Companies by 3.2% in the 3rd quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider’s stock valued at $7,311,000 after acquiring an additional 965 shares in the last quarter. Edgestream Partners L.P. bought a new position in Travelers Companies in the third quarter valued at approximately $1,909,000. Cobblestone Capital Advisors LLC NY increased its position in shares of Travelers Companies by 18.8% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,374 shares of the insurance provider’s stock worth $322,000 after purchasing an additional 217 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $2,337,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Stock Up 1.0 %

Shares of TRV opened at $264.46 on Tuesday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The firm’s 50 day moving average is $251.05 and its 200-day moving average is $248.29. The stock has a market capitalization of $59.96 billion, a PE ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.01 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.